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  3. a 3-year project costs $800 and has cash inflows o

A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400...

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Question

Accounting

A 3-year project costs $800 and has cash inflows of $500 in Year 1, $400 in Year 2, and $300 in Year 3. What is the projects payback period?

Group of answer choices

1.75 years

2.00 years

3.25 years

2.50 years

Answer & Explanation Solved by verified expert
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